China posts 6.9 percent GDP growth in H1

Last year, China's economy grew by 6.7 percent, which outpaced many nations but marked the country's slowest growth in more than a quarter of a century.

Last week's data showed that China's exports, as well as imports in June, grew more than expected from a year before, which may offset sluggishness in other parts of the economy in the second quarter of this year. Therefore, the second-quarter upturn could be a boon for the country's leaders as they seek to contain a risky build-up in debt that has ballooned to 277 percent of gross domestic product (GDP).

The 6.9 per cent expansion for the second quarter of the year, announced by China today, matched first-quarter growth.

Likewise, retail sales growth accelerated to 11% in June from 10.7% in May, while growth was expected to ease to 10.6%.

The pace was slightly higher than previous market consensus of 6.8 percent and well above the government's annual target of "around 6.5 percent".

Data from NBS showed that industrial output climbed 7.6% annually, faster then the 6.5% increase logged in the prior period.

And growth in both imports and exports also came in above expectations. The retreat of USA long-term interest rates since early 2017 and the Fed's commitment to a gradual pace of interest rate hikes are maintaining supportive monetary conditions for emerging market growth.

Analysts said investors were cautious after Chinese President Xi Jinping stressed the need to control financial risks at a five-yearly financial conference over the weekend. It also said that leverage of enterprises "was brought down". Credit risks will increase. However, for China to upgrade its monetary and financial systems, there are some gaps the NFWC has left out. These issues are crucial to reduce local governments' indebtedness.

Chinese shares were down despite the positive GDP report, with the benchmark Shanghai Composite index falling 2.5% during early trading on 17 July.

A passenger caused a stink aboard an American Airlines jet, forcing an unplanned landing at Raleigh-Durham International Airport. Passengers on board an American Airlines flight on July 16 were forced to get off after one of them allegedly passed gas .

He would go on to star in another enormously popular, franchise-spawning television series, Mission: Impossible , for three years. Martin Landau , the star on the 1960s television show " Mission Impossible ", died Sunday (July 16).

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On July 16 and 17, 1942, French police officers rounded up more than 13,000 Jews at the Winter Stadium, or Velodrome d'Hiver. Netanyahu hailed the "great, great human beings" who had risked their lives to save Jews in France during Nazi occupation.

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This encouraged the men behind him to close in for the final laps as Hamilton reeled off another fastest lap to prove his mastery. Vettel was fourth behind Bottas when his tyre deflated through Brooklands and caused him to run off the track.

Thanks to my team mates who helped me, I save myself. "I think it's great that the fans are getting so into it and involved". Nairo Quintana (Movistar) had a rough day, losing nearly four minutes in the GC battle and moving down to 11th overall.